PARKING ASSET MANAGEMENT
Hammerschlag & Co. understands the nuances of various parking assets including free-standing parking garages, parking lots, and multi-use sites and has the background and judgment required to effectively guide those assets.
The properties under our sponsorship benefit from a direct, personal management style and the recognition that optimal performance is achieved through diligence and active oversight.
Within our own portfolio:
We perform monthly financial, operations, and marketing review at our corporate office.
We arrange and oversee on-site meetings with third-party parking operations staff to understand challenges and identify opportunities to maximize profitability and improve garage operations.
Super Park Hobby Airport - Houston, TX
Total Stalls: 866 Facility Type/Market Served: off-airport self-park garage adjacent to Houston Hobby Airport. Year: Acquired in 2010; Sold in 2014
10 E. Ontario - Chicago, IL
Total Stalls: 204 Facility Type/Market: self-park garage which serves adjacent offices, retail and residential condominium tower. Year: 2006, 2010, 2014
Washington Franklin - Chicago, IL
Total Stalls: 562 Facility Type/Market Served: commercial self-park with ground level retail; serves adjacent residential condominiums. Year: Garage opened in 1998; Sold in 2012
210 North Wells Self Park - Chicago, IL
Total Stalls: 546 Facility Type/Market Served: 44-story residential high-rise with a 10-story commercial/residential self-park garage and ground level retail. Year: Garage Opened September 2010; Sold in 2023.
The Poetry Garage - Chicago, IL
Total Stalls: 1,168 Facility Type/Market Served: commercial self park garage with ground level retail. Year: 1997 – 1998; Acquired in 2002 - ongoing
Printers Square Garage - Chicago, IL
Total Stalls: 220 Facility Type/Market Served: serves the 355 condominium units above as well as offices, hotels, residential and commercial buildings in its surrounding area. Year: Acquired in 2010 - ongoing
Public Square Garage - Nashville, TN
Total Stalls: 1,068 Facility Type/Market Served: commercial self park garage with ground and basement level retail/office. Year: Acquired in 2003; Sold in 2012
Galveston Park N Cruise - Galveston, TX
Total Stalls: 328 Facility Type/Market Served: best located parking available to serve the Port of Galveston cruise industry. Year: Acquired in 2015
26 Surface Lots - Downtown Roanoke, VA
Total Stalls: 1,569 Facility Type/Market Served: unattended automated self-park lots serving the entertainment district, retail, commercial, and residential buildings in downtown Roanoke. Year: Acquired in 2015, ongoing.
WHY CHOOSE HAMMERSCHLAG & CO., INC.?
Having worked in and outside of Chicago for more than four decades in the parking industry as an owner, investor, developer, advisor, asset manager, and operator, John W. Hammerschlag has built a parking development advisory, investment, and parking asset management business which fills a specific niche. The experience we bring to the table means we understand the specific risks involved in this segment of the market and provide our clients with the full benefit of our expertise. Our common-sense approach helps them get the most out of their projects.
If you currently own a garage property in need of parking asset management, please contact us.